Plastic2Oil Inc (PTOI)

[loanranger]

This is "only" their second CPA firm of the year...their last one basically just had a name change. Nothing like the CPA Party I posted about in my first post here almost exactly 3 years ago:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65511658
Ah, who can forget the good old Gately days!


In D. Brooks and Associates CPA's, P.A. latest report to the PCAOB filed last month, our Mr Brooks lists the firm as having 3 employees (only one of whom is a CPA) and 11 clients.
https://rasr.pcaobus.org/Forms/FormSummary.aspx?ID=14D5BEAFB4A3F8B870661B1CB53D455C

To provide an idea of the company that JBI will be keeping...who will be competing for the firms time...I've listed a single highlight from each of the firm's eleven clients:

0 total assets
0 total assets
30k revenues
10k total assets
2k total assets
16k total assets
$136 total assets
13k total assets
143k revenues
30k revenues
(98k) gross profit

None appears to approach the financial strength of a small town country store.


Is the timing of this change an issue vis-a-vis the already long overdue Q1 10Q? JBI has an obligation to have that report reviewed (not audited) by their public accountant. Did the former firm excuse themselves based on ability-to-pay issues (their fees were OUTRAGEOUSLY expensive, a tough nut for a company that's running on fumes) or was there something about the Q1 accounting that they would rather not admit to having reviewed?

Is RB still around?